HENDERSONVILLE, Tennessee—Houston, Texas, led occupancy and revenue per available room declines for the week ending 17 October, according to Smith Travel Research.
The market’s occupancy fell 31.0 percent to end the week at 59.1 percent and RevPAR dropped 41.2 percent to US$55.71.
Overall, in year-over-year measurements, the industry’s occupancy fell 8.1 percent to end the week at 58.9 percent. ADR dropped 8.5 percent to finish the week at US$99.14. RevPAR for the week decreased 16.0 percent to finish at US$58.42.
Among the Top 25 Markets, San Francisco/San Mateo, California, experienced the largest occupancy increase, jumping 6.4 percent to 90.8 percent.
Oahu Island, Hawaii (+7.6 percent to US$150.19), and New Orleans, Louisiana (+6.5 percent to US$124.10), were the only two top markets to report increases in ADR.
San Francisco/San Mateo reported the largest RevPAR increase, rising 6.3 percent to US$159.94, followed by Oahu Island with a 6.1-percent increase to US$117.73.
Read official press release for week ending 17 October 2009 from STR.